Articles

J.M. Smucker beats on profit as Hostess purchase, lower costs provide a boost

J.M. Smucker’s stock nudged higher Thursday, after the consumer foods company beat quarterly profit expectations, as the recent acquisition of Hostess Brands and lower costs helped offset a surprise dip in sales.

Helium leaks detected on Boeing’s Starliner as it heads to the International Space Station

“The leaks do not currently present a safety issue to the crew, the vehicle or the mission,” says a Boeing spokesperson.

EFG International shares surge on Julius Baer takeover rumors

Swiss news outlet Inside Paradeplatz reported on speculation that Julius Baer is considering acquiring EFG International for 4.5 billion Swiss francs ($5 billion)

These consumer stocks are struggling. What it says about the market and U.S. households. 

U.S. stocks notched another round of all-time highs, but a look beneath the record-setting streak shows cracks are starting to form in some of the consumer stocks.

Trade deficit jumps to 1 1/2-year high on strong U.S. demand for imported goods

The trade deficit surged by almost 9% in April to a one-and-a half year high because of an increase in imports, a sign that a steadily growing U.S. economy still has plenty of demand.

U.S. productivity in first quarter lowered to 0.2% rate

Well below average 2.8% rate over past four quarters

Jobless claims climb to 4-week high of 229,000, but layoffs still show little sign of accelerating

The number of Americans who applied for unemployment benefits last week rose to a four-week high of 229,000 — likely in part due to the end of the school year — but there was little sign of rising layoffs.

Affirm introduces new buy-now-pay-later options to capture more daily spending

New options allow consumers to have more flexibility in their payback.

Why Google’s latest big hire could help Alphabet’s stock

Google and parent company Alphabet Inc. have a new chief financial officer coming on board, and she might make some investor-friendly moves.

Big Lots’ stock slides 19% after retailer posts bigger-than-expected loss

Consumers are still under pressure from inflation and higher prices — and are avoiding big-ticket items, says Big Lots.

The ‘vibecession’ isn’t our fault — it’s our nature

Why nothing seems to improve Americans’ gloom about the U.S. economy now.

Your employer’s 401(k) plan includes free retirement advice. Is that enough?

How to know if your financial goals will be met or if you’ll need more help.
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